Kinder Morgan adding $74 million Eagle Ford pipeline

Kinder Morgan Energy Partners LP will spend $74 million to extend a crude oil and condensate pipeline in the Eagle Ford Shale.

The project brings Kinder Morgan’s planned investments in the Eagle Ford to $900 million, including its joint ventures.

The company announced that it has reached an agreement with a producer to build an 18-mile, 24-inch diameter pipeline northwest from its DeWitt Station to a new facility it’s building in Gonzales County.

The Gonzales County site will have 300,000 barrels of storage, a pipeline pump station and truck offloading facilities.

The new pipeline will have a capacity of 300,000 barrels per day and allow Kinder Morgan to move Eagle Ford crude and condensate to the Houston Ship Channel or to a soon-to-be-completed pipeline that will serve the Phillips 66 Sweeny Refinery in Brazoria County.

Kinder Morgan Energy Partners owns an interest in or operates about 51,000 miles of pipelines and 180 terminals.